While his companies registered in those zones operated, Poghosyan used his position to advance his business interests, all the while concealing his income.

The data was obtained by the German newspaper Süddeutsche Zeitung and shared by the International Consortium of Investigative Journalists (ICIJ) with the Organized Crime and Corruption Reporting Project (OCCRP) and more than 110 media partners from 82 countries.

Resigned from the position of Chief Compulsory Enforcement Officer in April 2016, following revelations in the Panama Papers and charges in corruption.

The Special Investigation Service (SIS) had launched a criminal investigation shortly after Poghosyan’s resignation.

SIS said on January 24, 2017 that it will not press criminal charges against Major General of Justice.